You are given the following adjusted trail balance and asked to prepare the closing entry(ies).

SlimSalem Adjusted Trial Balance 31-Dec-19 Debit Credit Cash 50,000.000 Accounts Receivable 12,600.000 Office Supplies 3,000.000 Prepaid Rent 1,575.000 Equipment 30,000.000 Accumulated depreciation-Equipment 900.000 Accounts Payable 2,500.000 Utilities Payable 400.000 salaries Payable 1,375.000 Unearned revenue 1,500.000 Salem, Withdrawals 30,000.000 Salem, Capital 62,000.000 Service Revenue 290,000.000 Rent Expense 36,000.000 Salaries Expense 144,000.000 Supplies Expense 22,000.000 Utilities Expense 12,500.000 Depreciation Expense-Eq 17,000.000 TOTAL 358,675.000 358,675.000